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Gold Editorials & Commentary

Gold-Eagle gold and precious metal news, market analysis and editorials from world renowned gold analysts and market experts.  Stay informed with the latest news and analyses on gold prices and perspectives on the economy to guide your investing decisions.


August 31, 1998

Among life's few certainties is the passage of time. The year 2000 is coming, ready or not. Indeed, it is almost upon us. And equally as certain is that it will cause some degree of disruption in computer programs that require a date to function properly.

August 28, 1998

Exactly sixteen years ago, with the Dow Industrial Average wallowing in the doldrums near 800, Elliott Wave theorist Robert S. Prechter tweaked Wall Street's imagination with his prediction that the most spectacular bull market in history was about to begin.

August 26, 1998

Most people do not wish to be alarmist, nor do they wish us to be alarmist. Yet, sometimes the reality of a situation sounds alarmist.

August 25, 1998

GOLD, Is it US$284, C$440 or $A490 ? -

August 24, 1998

The tug-of-war continues, and the bulls are beginning to lose their grip in their battle with the now-dominant bears, a group of investors who are slowly emerging in their newfound role as vanguards of the U.S. stock market.

Many gold market observers and participants have marveled at the gold price action over the last few years, feeling it has defied any rational explanation. That feeling is easy to understand when the facts are observed in historical perspective.

August 19, 1998

A Simple Explanation of "The Coming Currency Crisis" Worldwide

The deterioration of the ruble is generating a lot of solicited and unsolicited advice. Much of it concerns devaluation, which the Russians are, so far, resisting.

August 18, 1998

We believe gold has reached a critical major support level and its action over the next one-to-two weeks will determine whether it will break firmly beneath this level or rise to short-term highs.

While Wall Street wonders whether these past few weeks signal the end of the stock market bubble, a more important question for Main Street is, "Is the economic bubble ready to burst, as well?" This bubble is the result of America's new found limitless ability

August 17, 1998

The Dow Jones Industrials finished the session for Thursday, Aug. 13 at 8459, down almost 94 points from the previous day's session. This pushes the Dow below its 200-period moving average--a very bearish indicator.

August 13, 1998

The gold market continued bearish last week as the yellow metal resumed its downward trend after a one-day price spike on Aug. 4.

August 10, 1998

The bear market arrived in emphatic fashion on Tuesday, with the Dow Jones Industrial Average (DJI) falling 300 points to DJ 8487, a six-week low. Previously, the Dow had fallen nearly 550 points over a less than two week period.

August 7, 1998

We stand, as on the bow of great ship Titanic, enroute to a millennium checkmate and secular crescendo unprecedented in human history, since the attempted construction of the Tower of Babel.

August 5, 1998

We wrote in our commentary last Thursday that the "bear market has arrived" and that the new trend in the U.S. stock market was now the "friend" of all bears. Today's market action (Aug.

August 3, 1998

You cannot create a man by standing a sheep on its hind legs. Yet by standing a flock of sheep in that position you can create a crowd of men. Max Beerbohm, Zuleika Dobson

For long-time bears, the U.S. stock market's long and arduous ride to historic highs has been nothing short of frustrating.

July 28, 1998

To:          Chairman Alan Greenspan

Date:       July 27, 1998

From:      Jude Wanniski

Ref:         THINK AGAIN

I suppose that the person who coined the aphorism "The pen is mightier than the sword" did so from behind the safety of a desk. The men in the front lines of battle would prefer machine-guns to ball-points.

July 27, 1998

Bull Market Dead!  When you look at how the last Bull market ended (and compare it to what is transpiring today), you get an odd feeling. You'll see what a peculiar week this was.

A house that would barely qualify as a tool shed in some neighborhoods recently sold for $472,000 in Palo Alto.

The week of July 20 was unexpectedly volatile in the U.S. stock market, and with each passing day it appears the long-awaited equities bear market is closer than most expected.

July 20, 1998

The Dow Jones Industrial Average arrived at a critical juncture today (July 17) and moved decisively upward in penetration of overhead resistance of 9200-9260. As of this writing the Dow, rested at 9,328—a new all-time high.

July 18, 1998

Since we first outlined our scheme for profitable airline operation (NoFly Airlines) there have been so many letters demanding more information that we are going to use this opportunity to answer both of them.

July 16, 1998

Investors buy gold for six major reasons:

It is been our plaintive plea for some time that investors should begin looking for ways to exit their long positions in U.S.

July 11, 1998

It has been our view that the economies of Thailand, Indonesia, and Korea would remain in serious trouble until the disastrous deflationary policies of the IMF and the US Treasury were abandoned.

July 10, 1998

Not so very long ago our paper currency was like a hat check. You could take it to the issuer and get something for it: a hat, in the case of the hat check, or money, in the case of a bank note.

July 5, 1998

Many years ago, a friend and client with whom I've unfortunately lost contact, would recount his experiences growing up behind the Iron Curtain in Romania.

July 4, 1998

Stocks continued sideways last week as the ongoing, multi-week distribution phase of the equities mania continued apace with enlightened pros dumping shares on the benighted masses who constitute the buying segment of the market.

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